What Are the Average Solar Energy Costs?

OlufisayoJanuary 20, 20211672 views

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As solar energy continues to take the world by storm in the 2020s, it’s time for you to jump on the bandwagon, or fall hopelessly behind the curve. Solar energy costs are at an all-time low when compared with the price per watt historically.

Read on to find out what the average solar energy costs are around the nation. That way you can decide if solar is right for you and your individual situation.

Solar Energy Costs by State

It is a good time in history to be a proponent of solar energy. At long last, solar has started to make a dent in the energy marketplace.

The best way to calculate the true cost of solar is to break it down into price per watt produced by an individual solar panel.

The state with the lowest cost per watt on average is Arizona, coming in at around $2.50 per watt. The highest is Iowa with $3.65 per watt. Most states come in within fifty cents of the $3.00 per watt mark.

All of these numbers are calculated before factoring in federal tax credits. They represent a raw cost per watt of solar energy. They may not necessarily dictate the total cost after installation for individual cases as they are all averages.

You can do some additional research to see the price per watt for all 50 states. This information is in constant flux and has a lot to do with the current energy policies in place and the price of electricity for each state.

Other Factors

Depending on what type of solar panel system you want to install, prices will vary. A heavier system with more panels will cost more than a lighter system for installation fees.

Systems can make different amounts of electricity as well with the higher-producing systems costing more. Also, particular makes, models, and brands of solar panels can fetch a larger sum than others.

These costs also don’t factor in the savings you get by selling excess electricity back to the grid. This is one of the primary advantages of solar energy and makes your system pay for itself in the long run.

Some states offer tax incentives for solar installation, so this can affect your bottom line as well. Your best bet to make sure that you are getting the best deal on a solar energy system is to Google “solar company near me” and sift through the candidates.

Only a professional can provide you with a custom-tailored estimate. They can also tell you what system works best for your individual property, where to place the system, and if solar is even a feasible option for you.

Whoever you choose to install your solar panel system, make sure they are accredited by the Better Business Bureau. Only a BBB accredited business can guarantee you a successful job done right for a fair price.

Harness the Sun

The true power of the sun is finally being reflected in low solar energy costs. Don’t miss the opportunity. It is time to strike while the iron is hot and get your solar ball rolling.

Contact a professional solar installation company for an estimate today. For all of your other home improvement information make sure to check out the rest of our website!

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